LONDON : A Saudi-Arabian backed consortium completed its purchase of Premier League club Newcastle United on Thursday as a long-running takeover saga finally reached the conclusion the majority of the club's supporters desired.
"We are extremely proud to become the new owners of Newcastle United, one of the most famous clubs in English football. We thank the Newcastle fans for their tremendously loyal support over the years and we are excited to work together with them," he said. Another stumbling block was overcome after the Premier League, who came under pressure to block the deal last year, received"legally binding" assurances that there was clear separation between PIF and the kingdom of Saudi Arabia, despite PIF being chaired by the Saudi Crown Prince Mohammed bin Salman.
Hundreds of Newcastle's so-called Toon Army supporters, who have protested against Ashley's running of the club, gathered outside the stadium in the drizzle throughout the day, buoyed by news of the imminent takeover.SPORTS ASSETS
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